OPINION: Bitcoin May Top Six Figures Regardless of U.S. Election Results

Investors in the cryptocurrency industry generally believe that bitcoin will remain a strong performer for the long term and are expected to break six figures soon, according to a CNBC posting.Swan Bitcoin's Steven Lubka says that the value of bitcoin is almost certain to reach six figures, regardless of who wins the November election.Crypto Valley Exchange's James Davies, on the other hand, believes that even if Kamala Harris is elected president, it won't significantly affect the price of bitcoin and the industry will continue to thrive. Bitcoin 2024 has traded between $55,000 and $70,000 for most of the year, having reached an all-time high of $73,000 in March. Investors generally expect the price of Bitcoin to remain relatively stable until the outcome of the election is determined. While the debate between Harris and Donald Trump led to a short-term drop in Bitcoin, the main reason was blamed on other macroeconomic factors. Analysts predict that Bitcoin could break through a new high of $80,000 if Trump is elected; while Harris' election could cause the price to fall back to $40,000. Despite some concerns about future market turmoil, Bitcoin still shows strong investment potential in the current environment.